Based on the updates I read today, many analysts have factored...

Based on the updates I read today, many analysts have factored in less-than-full compliance from some participants. They've also observed that these cuts are coming off the back of already inflated pumped oil numbers, further muting their effect. Most importantly though, and something that can't be answered without more data over the coming weeks, is whether the ~10m barrels reduction is sufficient to offset demand falling off a clip. The sentiment I picked up on is that it's probably not.

My brother and I are looking at getting in soon and I'm less concerned about the ructions in the oil price at this stage than the dilutive effect the CR will have on holders. Basically I'm waiting for the new shares to hit the market as I expect that to drive the price down, which, as someone mentioned earlier, will probably only be offset by substantial compliance and significant cuts from OPEC+

We'll see, good luck everyone.